Kampala, Uganda | THE INDEPNDENT | On January 30, executives Huawei Technologies executives said, DigiTruck project, launched in October 2023 in the Teso Sub-region, had equipped over 1000 youth, women, Jua-kalis, and local district officers with digital skills, empowering them to engage in e-commerce. The skills have helped the beneficiaries to …
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Elegu, Uganda | THE INDEPENDENT | Activities at Arua city offices on Thursday came to a hold after a group of more than 200 hundred fishmongers stormed the office of the Resident City commissioner protesting the impounding of their fish. The fish mongers, who are mostly women threatened to strip naked …
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Uganda’s private sector constitute of about 90% SMEs generates over 75% of the GDP Kampala, Uganda | JULIUS BUSINGE | Uganda Development Bank, the country’s national Development Finance Institution, has signed a Loan Portfolio Guarantee agreement with the African Guarantee Fund (AGF), to scale up lending to SMEs, Women, Youth-affiliated businesses, …
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London, England | THE INDEPENDENT | Research from market research company Euromonitor International has forecast the GDP of Sub-Saharan Africa to double by the year 2040 from the 2022 figure of US$ 2 trillion to over USD 4.5 trillion. Euromonitor’s report, Sub-Saharan Africa: A Rising Economic Frontier, looked at the …
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KAMPALA, Uganda | Xinhua | Uganda maintained its fourth position with a score of 63 out of 28 countries surveyed in the Africa Financial Markets Index 2023. The Absa Group survey, released in Kampala, the capital of Uganda, Tuesday, said that Ugandan government bonds were added to the FTSE Frontier …
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Kampala, Uganda | THE INDEPENDENT | The Deposit Protection Fund (DPF) has completed the payment of individually protected depositors of the closed EFC Microfinance Uganda. Last month, the Bank of Uganda placed EFC Uganda Limited under liquidation, revoked its license, and ordered the winding up of its affairs, citing a …
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Kampala, Uganda | THE INDEPENDENT | Uganda Breweries Limited (UBL) has unveiled WhiteCap Crisp – a one of a kind premium beer with only 3% alcohol by volume (ABV), with no added sugar – making it the first light beer by ABV in the Ugandan market. The beer was …
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Kampala, Uganda | THE INDEPENDENT | On Jan.30, Centenary Bank announced the launch of its latest innovation, CenteWhatsApp banking designed to provide customers with convenient and secure access to a wide range of banking services directly through the widely used messaging platform, WhatsApp. To access CenteWhatsApp banking, customers are required to …
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Kampala, Uganda | THE INDEPNDENT | To stimulate economic activity, Stanbic Bank Uganda announced a new lending campaign dubbed Oli Sorted, aimed at facilitating Ugandans to access affordable credit to finance their personal and commercial needs. Israel Arinaitwe, the Head of Personal Banking at Stanbic Bank said after the last quarter …
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African states are riding the wave of a gold rush, with global prices stabilising and mining technologies advancing. Here are the continent’s ten largest gold-producing powerhouses per tonnage (t), according to the World Gold Council’s 2022 stats. 1. Ghana – 127th Known as the “Gold Coast”, Ghana is Africa’s largest …
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